Allegro Microsystems is trading 5% up at $43.50 after reporting stronger-than-expected fiscal Q1 2027 results and providing an optimistic outlook.
- Revenue rose 27% year-over-year to $259.2 million with non-GAAP EPS of $0.23 beating estimates, driven by record data center sales and solid automotive and industrial demand.
- Management issued Q2 revenue and EPS guidance above analyst expectations, supported by a broader semiconductor rally linked to renewed confidence in AI infrastructure spending.